(Reuters) – CVS Health Corp (CVS.N) is moving closer to a deal to buy health insurer Aetna Inc (AET.N) for more than $66 billion in cash and stock, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
The companies are in advanced stages of negotiating a deal that would value Aetna at between $200 and $205 per share and would be comprised mainly of cash, the Journal said. (on.wsj.com/2j5V1yn)
The deal could be could be announced by Monday, the WSJ said.
Both the companies were not immediately available for comment.
Reporting by Ankur Banerjee in Bengaluru; Editing by Savio D’Souza